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gift aid

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Definition of gift aid in English:

noun

[mass noun]
1 (Gift Aid) British A scheme enabling registered charities to reclaim tax on a donation made by a UK taxpayer, effectively increasing the amount of the donation: using Gift Aid means that the taxman will add 28p to every pound you give [as modifier]: Gift Aid donations
More example sentences
  • Gift Aid works by your chosen charity reclaiming basic rate tax on your gift from the Inland Revenue.
  • Gift Aid donations from taxpayers attract basic-rate tax relief at 22% at the very least.
  • She said: "People should remember that taxpayers can do Gift Aid."
2US Financial aid which does not require repayment, such as student grants and scholarships: there are four types of federal grants that could help you pay for college, all of which fall under the umbrella of gift aid
More example sentences
  • Students and families must understand the difference between "gift aid" (scholarships and grants) and "self-help aid" (work-study programs and loans requiring repayment).
  • "When it comes to gift aid, it is critical for students and families to understand any requirements that must be met to remain eligible for these funds."
  • Gift aid equals all scholarships and grants both merit and need based, and from federal, state and institutional sources.

verb

[with object] (usually gift-aid) British Back to top  
Make (a donation) to a registered charity under the Gift Aid scheme: he gift-aided the money—which added quite a lot to the total
More example sentences
  • Charities get an extra 28p for every pound that is gift-aided.
  • All donations to the appeal can be Gift-Aided, allowing us to claim 28p from the Inland Revenue for every pound donated.
  • The Diocese of Leeds is hoping to pay for the work to St Anne's by asking parishioners to pledge a £20 donation, gift-aided for five years.

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